Economist Penelopi Goldberg concludes that Greece striving to be Europe’s Economic haven has resorted to an ‘extreme measure’: extracting more hours from the existing workforce.
Furthermore, Mitsotakis specifically noted pressure on Greece's popular destinations, such as Santorini in the Cyclades.
Greek Prime Minister cited an early repayment of eight billion euros in bailout loans, which Bloomberg said corresponds to three years of installments
Greece serves as a prime example, having lost a quarter of its GDP during the crisis but regaining its investment grade last year. Conversely, France was downgraded by S&P Global Ratings recently.
Bloomberg noted this was the highest amount ever recorded, as investors rushed to take advantage of high yields before the European Central Bank (ECB) cut interest rates.
Athens reportedly aims to take advantage of the country's recently restored investment grade rating
Debt collection companies operating in Greece are under investigation, in order to determine whether they comply with the rules of domestic legislation